News

2012 was a particularly tough year for some sectors, notably commodities and gold, as fears over global growth weighed on demand for materials.

Cofunds has extended its lead as the UK's largest platform, with assets rising to £45bn, according to the Platforum's latest pricing guide.

The euro has hit a nine-month high against sterling after UK industrial output grew less than expected in November.

The Financial Services Authority (FSA) has taken action against Ilford based Baronworth Investment Services and its chief executive, Colin Jackson, for failing to ensure their direct offer financial promotions were ‘fair, clear and not misleading'.

Two executives at Royal Bank of Scotland are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

Polar Capital has reported a jump in assets under management in its latest group update.

The Serious Fraud Office (SFO) spent £1.3m on its ill-fated investigation into the collapse of Kaupthing Bank, a Freedom of Information (FoI) request has revealed.

The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package to shore up its flagging economy.

Former tax boss Andrew Meeson and his business associates pocketed £5m in a "very simple and very lucrative scam" by claiming tax relief on fictitious pension contributions, a court heard.

The Financial Services Compensation Scheme (FSCS) is poised to launch a new consumer awareness campaign next week, after its chief executive admitted its previous £4m drive had failed.